Which of the following statements best describes the twelve Federal Reserve Banks?
A. They are privately owned and privately controlled central banks whose basic goal is to provide an ample and orderly market for United States Treasury securities.
B. They are privately owned and publicly controlled central banks whose basic function is to minimize the risks in commercial banking in order to make it a reasonably profitable industry.
C. They are privately owned and publicly controlled central banks whose basic goal is to control the money supply and interest rates in promoting the general economic welfare.
D. They are privately owned and publicly controlled central banks whose basic goal is to earn profits for their owners.
C. They are privately owned and publicly controlled central banks whose basic goal is to control the money supply and interest rates in promoting the general economic welfare.
You might also like to view...
If the cross elasticity of demand between car insurance and new cars is -0.41, then car insurance and new cars are
A) complements. B) substitutes. C) normal goods. D) inferior goods. E) unrelated goods.
Buyers who buy in bulk are often offered discounts. This is an example of:
A) predatory pricing. B) first-degree price discrimination. C) third-degree price discrimination. D) second-degree price discrimination.
Jobs in rural areas generally pay lower wages than jobs in urban areas because there are limits to labor mobility
a. True b. False
Which of the following is an example of The Big Squeeze?
A. High profits attract new entrants, which increases supply, and drives down prices. B. High profits drive out businesses, which increases supply, and drives up prices. C. High profits drive out businesses, which increases supply, and drives down prices. D. High profits attract new entrants, which increases supply, and drives up prices.